$CTK broke through the 0.13 level.
I used to wonder why everyone paid so much attention to round-number levels. It took me a while to understand: these levels have no magic of their own. It’s just that everyone watches them and places stop-loss orders around them, so price movements tend to become more volatile when the price reaches them.
The level itself doesn’t determine the direction; it’s more where the battle between bulls and bears is most concentrated. Ultimately, the outcome depends on the flow of funds.
Extreme data often signals greater volatility. At times like these, it’s better to reduce your position rather than make a big bet.
#CTK
I used to wonder why everyone paid so much attention to round-number levels. It took me a while to understand: these levels have no magic of their own. It’s just that everyone watches them and places stop-loss orders around them, so price movements tend to become more volatile when the price reaches them.
The level itself doesn’t determine the direction; it’s more where the battle between bulls and bears is most concentrated. Ultimately, the outcome depends on the flow of funds.
Extreme data often signals greater volatility. At times like these, it’s better to reduce your position rather than make a big bet.
#CTK